AMD: MI300 AI Accelerators Have Arrived, Finally

David Becker Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company, known for its high-performance CPU, GPU, FPGA, and DPU product portfolios. Alongside Nvidia Corporation (NVDA), AMD’s GPU products are gaining momentum in the new artificial intelligence (“AI”) era, and the MI300 AI accelerator could emerge as a major growth driver in the coming years. I am initiating a “Buy” rating for AMD with a fair value of $130 per share. Instinct MI300A and MI300X During the Q3 FY23 earnings call, AMD management projected that Data Center GPU revenue would be approximately $400 million in the fourth quarter and…